rio's beyer says higher uranium prices needed , page-3

>"Clearly, we need higher prices to stimulate the new supply that we need to bring into the market. A lot of that supply will be coming from higher cost and lower grade mines. We're $10 to $20 short of where we're supposed to be; $55 simply doesn't get a whole lot of production going."


Interesting statement for Clark Beyer to make. I wonder what he has in mind because the risk of not buying a mine is actually no supply if the price of Uranium remains low as he said.

Does he wait to see if prices are going to rise along with supply in the future or does he look to acquire mines to sure up supply for the long term??

Hmmmm decisions decisions, what to do??